The stock of Republic Services, Inc. (NYSE:RSG) reached all time high today, Nov, 16 and still has $85.66 target or 57.00% above today’s $54.56 share price. This indicates more upside for the $18.83B company. This technical setup was reported by Barchart.com. If the $85.66 PT is reached, the company will be worth $10.73B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 465,384 shares traded hands. Republic Services, Inc. (NYSE:RSG) has risen 19.53% since April 14, 2016 and is uptrending. It has outperformed by 14.84% the S&P500.
Republic Services, Inc. (NYSE:RSG) Ratings Coverage
Out of 9 analysts covering Republic Services (NYSE:RSG), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Republic Services has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. As per Monday, November 2, the company rating was maintained by Imperial Capital. Argus Research initiated it with “Hold” rating and $50 target price in Wednesday, May 18 report. Barclays Capital upgraded Republic Services, Inc. (NYSE:RSG) rating on Tuesday, May 3. Barclays Capital has “Overweight” rating and $52 price target. The rating was initiated by Sterne Agee CRT with “Neutral” on Tuesday, March 22. The stock of Republic Services, Inc. (NYSE:RSG) has “Buy” rating given on Wednesday, August 19 by Zacks. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research. The stock of Republic Services, Inc. (NYSE:RSG) earned “Overweight” rating by Barclays Capital on Tuesday, August 9. The rating was initiated by Credit Suisse on Friday, November 6 with “Neutral”. The firm earned “Neutral” rating on Tuesday, November 1 by Goldman Sachs. JP Morgan initiated Republic Services, Inc. (NYSE:RSG) on Thursday, December 17 with “Overweight” rating.
According to Zacks Investment Research, “Republic Services, Inc., is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills.”
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.13, from 1.11 in 2016Q1. The ratio is positive, as 34 funds sold all Republic Services, Inc. shares owned while 160 reduced positions. 47 funds bought stakes while 194 increased positions. They now own 202.99 million shares or 4.81% less from 213.26 million shares in 2016Q1.
Federated Pa last reported 0.04% of its portfolio in the stock. Moreover, Cohen & Steers has 0% invested in Republic Services, Inc. (NYSE:RSG) for 2,700 shares. Nomura Asset Mngmt Com accumulated 0.04% or 38,790 shares. The New York-based State Bank Of Mellon Corporation has invested 0.03% in Republic Services, Inc. (NYSE:RSG). Ameritas Ptnrs has 32,570 shares for 0.11% of their US portfolio. Next Fincl Gp Incorporated, a Texas-based fund reported 77 shares. Ing Groep Nv, a Netherlands-based fund reported 8,336 shares. Moreover, First Republic Invest Mngmt has 0% invested in Republic Services, Inc. (NYSE:RSG) for 7,494 shares. Gateway Inv Advisers accumulated 17,199 shares or 0.01% of the stock. Lsv Asset last reported 971,737 shares in the company. Sadoff Invest Management Limited accumulated 374,484 shares or 2.3% of the stock. Mechanics State Bank Tru Department has invested 0.83% of its portfolio in Republic Services, Inc. (NYSE:RSG). Numeric Investors Lc, a Massachusetts-based fund reported 6,700 shares. The Wisconsin-based Morgan Dempsey Management Lc has invested 0.09% in Republic Services, Inc. (NYSE:RSG). Mutual Of America Ltd Company accumulated 0.03% or 27,751 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 5 sales for $13.20 million net activity. $3.05M worth of Republic Services, Inc. (NYSE:RSG) shares were sold by Rissman Michael P. 164,628 Republic Services, Inc. (NYSE:RSG) shares with value of $8.56M were sold by SLAGER DONALD W. The insider GOEBEL BRIAN A sold 1,695 shares worth $88,310.
More recent Republic Services, Inc. (NYSE:RSG) news were published by: Prnewswire.com which released: “Republic Services Named to Prestigious CDP Climate A List” on November 10, 2016. Also Fool.com published the news titled: “Republic Services, Inc. Continues Its Slow and Steady Pace” on October 28, 2016. Nasdaq.com‘s news article titled: “Republic Services Hits 52-Week High on Solid Q3 Results” with publication date: November 16, 2016 was also an interesting one.
RSG Company Profile
Republic Services, Inc., incorporated on December 20, 1996, is a well-known provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Firm operates through three divisions: East, Central and West. The Firm operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells. It also operates approximately 70 landfill gas and renewable energy projects. It has post-closure responsibility for approximately 130 closed landfills.
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